StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 18 19 20 21 22 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #62519
Ignore nikoschopen
5/12/2008 3:19:55 PM

To me, this is just another technical bounce as I already mentioned on Friday. However, I doubt this rally will sustain more than 3 days. My prediction is that it will make a double-top formation and roll over,


chetron
2,817 posts
msg #62532
Ignore chetron
5/12/2008 6:46:09 PM

i think it will continue bouncing all the way to 144 and then to 150.




maxreturn
745 posts
msg #62533
Ignore maxreturn
5/12/2008 6:55:18 PM

Right now price is just below the EMA200 and the MA200 is not that far above. Today although an up day was on weak volume. VIX is very low right now. If it starts to rally from these levels look out below. UNTIL price rallies on stronger volume and starts finding support above these levels I would be very cautious on the long side.

nikoschopen
2,824 posts
msg #62552
Ignore nikoschopen
5/13/2008 11:30:00 AM

This baby will be thrown out with the bathwater all the same.



nikoschopen
2,824 posts
msg #62561
Ignore nikoschopen
5/13/2008 1:59:22 PM

Yahoo! Finance reports

Stocks Fall on Retail Report, Bernanke Speech, Oil - AP
Wall Street pulled back Tuesday after a report on retail sales and comments from Federal Reserve Chairman Ben Bernanke gave investors little incentive to extend the previous session's big advance. A jump in oil prices added to the selling.

However, it was only yesterday when they claimed that the market was rallying on the strength of dollar and falling oil prices. Why don't they ever write that the market is acting insane and its participants are a bunch of dumbass who will believe anything the self-serving pundits throw at them?

Same story, different idiots or different story, same idiots?

nikoschopen
2,824 posts
msg #62562
Ignore nikoschopen
5/13/2008 2:30:34 PM



nikoschopen
2,824 posts
msg #62591
Ignore nikoschopen
5/14/2008 11:56:20 AM

Can this be it? Although nothing can be certain, I think we're very close.

S&P 500 Daily

nikoschopen
2,824 posts
msg #62594
Ignore nikoschopen
5/14/2008 12:25:59 PM

Still far from certain, but this is my game plan for now.

S&P eMini (ESM8) 5-minute


nikoschopen
2,824 posts
msg #62598
Ignore nikoschopen
5/14/2008 2:12:34 PM

Some pissy bulls and their pent-up existential madness is shining through. This reminds me one of my '80s fav song. Ahhh, some nostalgic moment!



nikoschopen
2,824 posts
msg #62607
Ignore nikoschopen
5/14/2008 3:25:00 PM

Ain't that funny? As soon as Dee Snyder starts bellowing out "We're not gonna take it!", the market begins to swoon. It must have sensed my own existential angst. lol

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 18 19 20 21 22 ... 30 >>Post Follow-up

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